Conflict of Interest

Summary

A conflict of interest is a situation in which an employee has a personal or private interest that interferes with (or appears to interfere with) the employee's ability to do his/her job fairly, ethically and in line with the organization's best interests.

Every organization should have a policy that requires each of its employees to disclose all actual and potential conflicts of interest and to avoid these actions or behaviors:

Participating in any activity that competes with the organization, deprives the organization of business, or provides services that the organization provides;

Allowing business dealings on behalf of the organization to be influenced (or appear to be influenced) by personal or family interests;

Accepting or soliciting substantial gifts, loans, favors or other valuables from customers, clients or suppliers;

Accepting or soliciting bribes, payments, loans, kickbacks, special privileges or services from customers, clients or suppliers; or giving or offering any of these to customers, clients or suppliers;

Engaging in outside activities, such as a second job or self-employment, that compete with the organization or that interfere with the employee's responsibilities to the organization;

Using the organization's name in the performance of any outside activities - such as giving presentations or writing articles - without the organization's express permission; and

Soliciting or distributing literature, pamphlets or other materials that are not related to the organization while at work.

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